The Real Deal Miami

TD Bank lending $14M to the Beach Club project

Project to include 117 units and be six stories tall
July 10, 2014 05:15PM

3801 Crystal Lake Drive

3801 Crystal Lake Drive

The Beach Club apartment project in Deerfield beach is receiving a $14 million loan.

TD Bank is providing the construction loan for the 117-unit, five-story project. Units range from one- to three bedrooms. The new building will sit on a 4.7-acre site at 3801 Crystal Lake Drive.

Core Construction Services of Florida is the contractor.

The bank already provided the mortgage for 3801 Crystal Lake LLC, which is headed by Albert Blommestyn in Deerfield Beach. The current owner bought the property for $1.7 million in 2012.  [Bizjournals] — Claire Moses